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Provepharm’s CEO Plans Fresh Acquisitions After Raising €120m

Says Financing Will Speed Up Internal R&D, External Growth Projects

 
• By Sten Stovall

France’s Provepharm Life Solutions, which finds new uses for known mature molecules, in particular antidotes and surgical dyes, by improving their efficacy and maximizing their therapeutic potential, has fresh funds to expand its portfolio.

Private French Pharma Finds New Uses For Known Molecules • Source: Alamy

Armed with an investment injection of €120m ($142.3m) from its bankers, privately held Provepharm Life Solutions will now advance its strategy of developing innovative drugs from known molecules by expanding internal R&D activities and exploiting external market opportunities, in part via a sizable acquisition, the French group’s CEO said.

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